Authors:

  • Mark Roe

Excerpt

How to Use a Bank Tax to Make the Financial System Safer. Mark Roe, March 25, 2014, Opinion. "A tax on the balance sheets of big banks—first proposed by US President Barack Obama in 2010 but later shelved—is back on the political agenda. Last month Dave Camp, Republican chairman of the House of Representatives Ways and Means Committee, put forward a proposal for tax reform that included a 0.035 per cent levy on bank assets more than $500bn. This would hit large institutions such as Bank of America, Citigroup and Goldman Sachs..." Link verified June 19, 2014